Do I care that the NSA or the CIA will have this capability? Not really, it might prove useful in spying on an enemy. I'd have a problem with them using it against US citizens.

They have full legal authority to give "other incentives" to corporations who share any personal information of "suspicious people" gathered from any device. If the corporation decides it's cheaper or easier to give them all information on all people, the government says it will use people's personal information for "other purposes."

Sounds legit to me; people need to put on their tinfoil hats if they think this means the government wants to spy on them all.